Customer Reviews

Chinese Property Investment Up

Chinese Property Investment Up

The number of Chinese property investors purchasing property in Thailand's resort destinations is growing, according to a recent report in the World Property Journal.
The latest Purchasing Intent Index for Thailand published by Juwai.com showed that the Kingdom has outperformed many larger countries when it comes to enticing Chinese real estate investors.

Figures show that over the past year, the number of investors purchasing Thailand properties has risen by 180 percent. In contrast, the combined Purchasing Intent Index for the five most popular countries with Chinese buyers in Q2 2015 (the USA, Australia, the UK, Canada and New Zealand) grew by just 37 percent.

On a quarterly basis, the index also shows that these countries suffered a one percent drop in Chinese interest, whilst buyer interest in Thailand rose by 51 percent. The average price of properties that Chinese investors now consider for purchase in Thailand has also increased, rising to a record high of US$611,062.

“Chinese buyers are taking advantage of their strong currency and proximity to Thailand to invest in vacation homes and investment properties,” Andrew Taylor, CEO of Juwai.com was quoted as saying. “Over the past five years, the Reminbi has gained 19 percent on the Baht. Chinese businessmen with commercial interests in Thailand were among the first buyers of local residential real estate. Now, you see vacationers and investors joining their ranks,” he added.

The top destinations for Chinese property buyers in Thailand are Pattaya, Koh Samui, Phuket, Chiang Mai and Bangkok and Taylor believes Thailand could greatly profit from a projected increase of Chinese international property investment in the coming decade.

Thanks to Samui’s stunning scenery, diverse property market and high end facilities, it is no surprise that the island is on the radar of savvy property investors. The island benefits from numerous direct international flight connections to other Asian countries, including China and Singapore. Regular flights to Bangkok also mean that the island is easily reachable from destinations that are further afield, like Australia, America and the UK.

Chinese investors are particularly drawn by the fact that it is easy to rent out properties to fellow Chinese visitors as holiday accommodation on Koh Samui. The island has long-established links with Chins, with its first settlers arriving for Hainan, which is another factor that adds to its appeal.

Samui’s selection of private holiday properties also attract thousands of guests each year, thanks to their luxurious amenities and stunning locations. Chinese visitors are also attracted by the wealth of activities the island has to offer, in addition to the bustling array of shopping outlets and the island’s thriving restaurant scene.